Sensier, Marianne; Osborn, Denise R; Ocal, Nadir - In: Oxford Bulletin of Economics and Statistics 64 (2002) 4, pp. 315-39
Recent literature has uncovered asymmetries in the response of real output to monetary policy variables. Nevertheless, it remains unclear whether such asymmetries relate to different responses to monetary policy or to the business cycle. This paper uses nonlinear models to examine the issues in...